TEXAS BANKING NEWS, PEOPLE AND IDEAS
TEXAS BANKING NEWS, PEOPLE AND IDEAS
On June 24, Maverick Bancshares Inc., the parent company of Lubbock-based Maverick Bank, and Sandhills Bancshares Inc., the parent company of Monahans-based Tejas Bank, announced that they have entered into a definitive merger agreement under which Maverick will acquire Sandhills. Upon closing, Tejas Bank will merge into Maverick Bank, creating a West Texas community bank … Read more
On January 31, UMB Financial Corp., the parent company of Kansas City, Missouri-based UMB Bank, announced the closing of its acquisition of Denver, Colorado-based Heartland Financial USA Inc., which operates in Texas as First Bank & Trust, based in Lubbock. Heartland Financial USA operated 19 branches in Texas before the merger. Its Texas-based banks will … Read more
On December 12, Dallas-based Vista Bank announced a definitive agreement to sell seven rural locations—Abernathy, Hale Center, Haskell, Idalou, Petersburg, Plainview and Ralls—to Dimmitt-based First United Bank. The transaction is expected to close in the first quarter of 2025. Vista Bank will retain and expand its operational and retail presence in Lubbock. Established in 1912, … Read more
In November, Karnes City-based Karnes County National Bank announced the formation of Karnes County National Bancshares Inc., a new holding company for the bank, according to a report in the Beeville Bee-Picayune. “The move aims to maintain the bank’s independence while supporting future growth and ensuring its position as a premier community bank in South … Read more
On November 18, Natchitoches, Louisiana-based Grant Bancshares Inc., the holding company for BOM Bank, announced the completion of its acquisition of nine American State Bank locations across Texas. The acquired locations include branches in Haslam, Timpson, Center, Lufkin, Huntington, Chester and Conroe. With the expansion, BOM Bank now operates 26 branches and two operations facilities across … Read more
On November 21, Jacksonville-based Austin Bank and the Conroe/Lake Conroe Area Chambers of Commerce held a ribbon-cutting ceremony to celebrate the opening of the new full-service banking center in Montgomery. The ceremony was well attended by both chambers and business leaders, the Austin Bank leadership team and employees, along with associates from the SLI Group … Read more
After more than a year in temporary offices, Elgin-based Frontier Bank is relocating to a full-service Georgetown location on E. University Ave. The new facility marks the fourth full-service Williamson County location for Frontier Bank and the 12th overall for the Central Texas bank. Other Williamson County communities already served by the bank include Leander, … Read more
On November 8, Oklahoma City, Oklahoma-based MidFirst Bank announced the completion of its acquisition of the Houston banking locations of Coral Gables, Florida-based Amerant Bank NA, the main subsidiary of Amerant Bancorp Inc. Through the acquisition, MidFirst gained Amerant’s Houston client relationships and added six banking locations and 45 employees. “Houston is a highly desirable and … Read more
On October 31, Waco-based The First National Bank of Central Texas held a groundbreaking ceremony for its new branch in College Station. The state-of-the-art 21,000-square-foot building will be located at 4270 State Hwy. 6 S. The College Station team expects to move into the new building sometime in early 2026. The bank has been in … Read more
On October 17, Amarillo National Bank celebrated the grand opening of its 29th branch, located at the Amarillo Medical Center at 1700 Coulter St. This branch opening marks Amarillo National Bank’s first new branch in the city in 15 years. In honor of the new financial center, the bank presented two $25,000 donations to area … Read more